This month we’re exploring where traditional instruments meet modern LC practice, focusing especially on the complications surrounding drafts and
For the 7th year, the Institute of International Banking Law & Practice conducted its one-day Americas Trade Finance Compliance Annual Meeting. This summary provides an overview of topics discussed at the conference hosted by S&P Global on 2 April 2025 in New York and conducted as a hybrid event.
The ICC has neither accepted the draft as a standard requirement, nor have they been successful in casting it out from LC practice. This article is an attempt to resolve the confusion and place bills of exchange laws and the UCP in their proper perspectives.
A Singapore court case highlights critical pitfalls in handling demand guarantees. This article unpacks lessons for bankers on documentation, fraud risk, counter-guarantees, and navigating complex cross-border disputes.
The ICC has neither accepted the draft as a standard requirement, nor have they been successful in casting it out from LC practice. This article is an attempt to resolve the confusion and place bills of exchange laws and the UCP in their proper perspectives.
Non-documentary conditions and the General Rule against them can be prone to unhelpful misconceptions, potentially resulting in problems.
A survey conducted by DCW reinforces the notion that the eUCP Directory to date has been unable to boost confidence in the rules supplement designed for electronic commercial credits.
A recent Singapore case highlights the potential inherent risks for banks that take credit insurance policies as security.
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